A Step-by-Step-Guide on how to buy Wrapped Bitcoin (WBTC) in Turks And Caicos Islands
Step 1 – Join Kraken In the beginning you'll need to buy units of the bigger coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click the button below to register and getting your first Ethereum (ETH) or Bitcoin (BTC).
Step 2 – Transmit Your Funds to an Exchange Your Ethereum or Bitcoin will need to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Wrapped Bitcoin (WBTC) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Just follow these easy steps) Make sure you have selected the exact coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so on. If you're working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our guide).
Step 3 – Locate (WBTC) Wrapped Bitcoin As soon as your deposit has been confirmed, you'll immediately have access to your finances and you can initiate buying and trading. To buy (WBTC) Wrapped Bitcoin on Binance, you'll want to hover over the “Exchange” tab and after that click on “Basic”. To spot (WBTC) Wrapped Bitcoin, you'll need to put the shortname of the coin (WBTC) into the search box, which is highlighted in the picture. Make sure you have choosen the right grouping, we've highlighted this also. Click on “WBTC/BTC” to advance.
Step 4 – Acquisition of Wrapped Bitcoin (WBTC) After you've discovered Wrapped Bitcoin (WBTC), you will be given a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). And now we're making our Limit Order. The “Price” field will be filled with the most recent rate Wrapped Bitcoin (WBTC) was traded for. This can be changed to your desired rate. The “Amount” field is the amount of WBTC you like to buy. The field with the “Total” tag is the total price in Bitcoin that you will pay for the whole quantity of WBTC. When you are happy, click on “Buy WBTC”. Your plan will be filled as soon as a Seller sells their WBTC for the price you submitted.
Step 5 – Withdraw (WBTC) Wrapped Bitcoin Unless you are frequently trading, best advise is not to keep your coins on an Crypto Trader for an extensive time period. In order to take off your (WBTC) Wrapped Bitcoin, go to the tab called “Funds” and click on “Withdraw”. (WBTC) Wrapped Bitcoin can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Wrapped Bitcoin (WBTC) by using the given drop-down box. Put into the volumen of (WBTC) Wrapped Bitcoin you'd like to take off. Take into account the demonstrated minimus/fees. Also make sure you have entered your right withdraw address. When you are happy, click on “Submit”. You may be requested for verfication via phone/email ahead of a withdrawal.